PYMNTS

FEBRUARY 8, 2018

Brick-and-mortar retail oftentimes gets a bad rap in 2018. Last year saw store closures spike 200 percent to 7,000 — the worst retail bloodletting since the dark days of the 2008 recession. The widely shared consensus is that this could all get quite a bit worse for physical retail before it gets better.

Chicago 102

Chicago Retail Boston New York 102

PYMNTS

DECEMBER 11, 2018

Retailers are doubling down on toys amid a gap in the market left by the bankruptcy of Toys R Us. toy retailer Hamleys , for instance, is eyeing a potential New York City location for a flagship store. The atmosphere comes as brick-and-mortar retailers have to differentiate themselves from their eCommerce counterparts.

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PYMNTS

APRIL 4, 2018

Target has announced it is opening additional small-scale stores in New York City (NYC) and Chicago. In 2016, the company announced it had opened 23 “flex-format” stores — smaller stores less than 50,000 square feet designed for urban shoppers — in metro areas like Chicago, Philadelphia and Berkeley, California. ”

Chicago 100

Chicago New York City Philadelphia New York 100

PYMNTS

JULY 5, 2020

billion for Whole Foods , the online retail giant is planning to open its second automated-checkout grocery store in Seattle’s Eastside neighborhood and is hiring managers for a third store in the city’s Capitol Hill district, The Seattle Times reported. Amazon must like the supermarket business. Three years after it paid $13.4

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PYMNTS

OCTOBER 20, 2020

It’s just a week into the earlier-than-usual 2020 holiday selling season and already three facts are clarifying the retail picture: consumers are going to spend less overall, they are going to spend more time online and they don’t want to touch anything in the process. percent of consumers will spend more than they did in 2019.

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Online Millennials Retail Chicago 159

PYMNTS

NOVEMBER 10, 2020

In merchant innovation, consumers are increasingly beginning their shopping trips online , and a growing number are deciding to finish their journeys there. Data: $80M : Amount of the recent capital infusion for Chicago-based Cooler Screens. All this, Today in Data. 5.4% : Portion of U.S. households counted as unbanked in 2019.

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Retail Chicago Video Data 133

PYMNTS

SEPTEMBER 21, 2018

To break into the brick-and-mortar world, some digitally native retailers have opened shops inside department stores. However, as in a traditional retail store, staff called “in-store stylists” are on hand to give recommendations tailored to each customer. In Other Brick-And-Mortar News….

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PYMNTS

JANUARY 3, 2020

Some retailers might be taking that to heart in this new year as part of the larger and ongoing effort to breathe new life into brick-and-mortar retail — a struggle that has been around almost as long as “The Simpsons” has, in fact. And other retailers are turning to alcohol to increase the appeal of their physical offerings.

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PYMNTS

JULY 8, 2019

Can cameras replace cashers in retail? The paper noted that many such retail innovation efforts for grocery start in Europe. often pioneer new technology like online delivery and self-payment kiosks that their American peers eventually adopt.”. The grocery industry is making a go of it. The latest effort comes from the U.K.

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Retail Innovation Seattle Chicago 152

PYMNTS

AUGUST 21, 2020

When Walmart announced Q2 earnings earlier this week, the nation’s largest retailer announced twin blowout performances in both its eCommerce and same-store sales. Stop & Shop owner Ahold Delhaize NV announced plans earlier this week for putting more resources toward online shopping operations. Same-store sales rose 9.3

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PYMNTS

MARCH 2, 2020

s most high-profile retailers is doing well in the U.S. and another one is ready to open, both of them seeking a new market as their home turf sees retail struggles. s fastest growing brick-and-mortar retailer, Wren Kitchens. And also in training our retail staff to offer the customer a fantastic service.”. expat effort.

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PYMNTS

JANUARY 18, 2017

One might imagine that mall operators nationwide take a rather jaundiced view of the internet, since online shopping has more or less killed the mall. But perhaps that is the old conventional wisdom — the emerging idea is that online retailers are giving back some of what they’ve taken away these days. “We

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Online Retail Metro Virginia 100

Bank Innovation

FEBRUARY 18, 2019

Right now, the Chicago-based Alliant allows people to apply for membership or loans online via desktop computers, phoning into its call centers or by […].

Chicago 170

Chicago National Online Compliance 170

PYMNTS

NOVEMBER 2, 2017

The feature allows customers to use iOS mobile device cameras to preview how retail products would look in their homes or offices. It also boasts a more robust available product inventory than AR stickers and works with retail items such as electronics, furniture, games, home décor, toys and more.

Online 101

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PYMNTS

DECEMBER 7, 2018

Big retailers are opening smaller-format stores in major U.S. Already, the retailer has opened a Planning Studio across the pond in London in October. In the announcement, IKEA Retail U.S. Pizza Hut plans to acquire online ordering software provider QuikOrder. In Other Brick-And-Mortar News. restaurants.

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PYMNTS

JANUARY 16, 2019

That is, retailers are taking a page out of a playbook set by retailers like the now-closed B. Saks Fifth Avenue is one of the retailers falling into this trend with a new eatery called L’Avenue at Saks in New York City, which is the same locale where Lord & Taylor is closing to make way for a WeWork headquarters.

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Chicago New York City Retail United States 186

PYMNTS

JULY 30, 2020

Walmart has reduced its workforce by laying off hundreds in its logistics, real estate and retail location planning divisions as it simplifies its business and reduces its expenses, Bloomberg reported, citing unnamed sources. We are continuing on our journey to create an omnichannel organization within our Walmart U.S.

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PYMNTS

FEBRUARY 6, 2019

With that need in mind, she started Return Runners to help pick up returns from consumers and bring them back to brick-and-mortar (or online) retailers. As the company also helps consumers with online returns, runners will also drop off packages at UPS and provide tracking information for the delivery to consumers.

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Retail Chicago Online Company 116

PYMNTS

NOVEMBER 21, 2016

Grocery retailer Winn-Dixie opened a second location of its next-gen, upscale store concept in Tampa, Florida, in the beginning of November. Chicago residents will also see a one-cent-per-ounce tax. Overall, online retail in the U.S. Online grocery sales are expected to more than double in the U.S.

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Online Marketing Taxes San Francisco 100

PYMNTS

AUGUST 6, 2020

The losses came despite what the sneaker giant called “exceptional growth” of its online sales. Online sales accounted for more than a third of Adidas’ business, which includes sales through its own website and from its partners. Adidas said 70 percent of its stores worldwide remained closed because of the pandemic.

Chicago 221

Chicago Online Branding Operations 221

PYMNTS

OCTOBER 23, 2020

The Nike retailing model has shown itself again as The Gap announced Thursday that it will close underperforming stores, focus on the digital-first economy and exit its mall locations. As Macy’s CFO Felicia Williams told a retail conference in September: “Our intention is to change the composition of our store base.

Strategy 150

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PYMNTS

APRIL 12, 2016

It’s what’s turned the retail word upside down as consumers with their mobile devices have decided they’d rather buy from their couch with their mobile phone than schlep to the mall. In other words, kick the door wide open to remote retail. Meeting the consumer where they are. That’s the mantra of innovators everywhere.

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Retail Technology Chicago Samsung 100

PYMNTS

MARCH 29, 2016

” That’s the lesson former JCPenney CEO and Apple executive Ron Johnson conveyed to The New York Times about his time at the struggling retail giant (Penney, not Apple) in a recent article focused on his newest venture, Enjoy, which may just end up being his most successful to date. “You really don’t want to be in a hurry.

Online 100

Online Los Angeles San Francisco Apple 100

PYMNTS

DECEMBER 26, 2019

This year, apps aimed to make it easier and more convenient for consumers to order their favorite foods and sundries, with restaurants and other retailers tapping into delivery. To help bring these options to more consumers, retailers and technology companies decided to join forces. and Chicago.

Retail 134

Retail New York City Los Angeles New York 134

PYMNTS

OCTOBER 5, 2016

But since that high-profile purchase, Trunk Club has yet to turn a profit for its new parent (it is the one unit of Nordsrom that has not), according to reports in Chicago Business Journal , and apparently, its tolerance for the service as a loss leader has run out. But the retailer has also shown strength.

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Operations Chicago Retail Online 164

PYMNTS

SEPTEMBER 6, 2017

Lie before you buy: Casper, the online bed-in-a-box startup selling mattresses by mail order, will soon allow customers to try those beds before having one shipped to their home. These shops will be open in cities such as New York, Los Angeles and Chicago through spring 2018. That’s on top of the company’s 100-day money-back trial.

Online 100

Online Company Los Angeles New York City 100

PYMNTS

OCTOBER 23, 2020

In the longer run, the service will grow over the next several months to the grocer’s 570 retail locations throughout California, Illinois, Pennsylvania and Florida. According to Amazon, the COVID-19 pandemic has triggered a massive move to online grocery shopping, home delivery and curbside pickup. Everybody Loves Walmart .

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Arizona Chicago Georgia Phoenix 170

PYMNTS

AUGUST 10, 2018

Traditional retail locations, ranging from fashion and home furnishings to hardware and department stores, have been forced to make significant changes in the face of heightened competition from eCommerce giants like Amazon and omnichannel powerhouses, like Walmart and its online unit, Jet.com.

Digital Strategies 104

Digital Strategies Retail Strategy Los Angeles 104

PYMNTS

MAY 13, 2016

With traditional brick-and-mortar retail facing big problems , some chains are addressing them with small solutions. Is this a viable answer to the beating that Sears’ bottom line (and that of many other one-time stalwarts of brick-and-mortar retail) have been taking in recent years? Specifically, with small(er) stores.

Retail 100

Retail San Diego Los Angeles Colorado 100

PYMNTS

DECEMBER 26, 2020

A decision that according to reports might be a little bit tougher in 2020, when the experts are expecting a return tsunami and retailers are setting up for what will be a bit of a scramble. Retailers prefer shoppers return items in stores rather than ship them back because they can get items back on shelves more quickly.

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Retail Chicago Report Data 212

PYMNTS

FEBRUARY 19, 2020

But Foxtrot, a small company out of Chicago, is reinventing convenience store retail and taking it uptown. It’s an ambitious business model, which so far has been limited to eight locations in Chicago, but certainly enough to prove the concept for LaVitola, who is an investment banker by trade, and his team. in Q1 2019 to 53.1

Chicago 130

Chicago Washington Retail Dallas 130

PYMNTS

FEBRUARY 19, 2020

But Foxtrot, a small company out of Chicago, is reinventing convenience store retail and taking it uptown. It’s an ambitious business model, which so far has been limited to eight locations in Chicago, but certainly enough to prove the concept for LaVitola, who is an investment banker by trade, and his team. in Q1 2019 to 53.1

Chicago 130

Chicago Washington Retail Dallas 130

PYMNTS

OCTOBER 11, 2017

In those early years, the company’s safes were some of the only ones to withstand the Great Chicago Fire of 1871, and the company was commissioned to build the world’s largest safe for Wells Fargo’s San Francisco branch in 1874. That’s because retailers have so far been quick to jump on the connected commerce bandwagon.

Retail 118

Retail ATM San Francisco Chicago 118

PYMNTS

AUGUST 27, 2018

It’s a good time to be a retail chain. Retail Ascent. Retail is on the ascent. In July, retail sales increased 0.5 Economists had only forecasted retail sales going up 0.1 percent, online and mail-order retail sales increased 0.8 Retailer Woes. Yeah, really. percent, and grew 6.4

Retail 100

Retail Los Angeles Milwaukee Chicago 100

PYMNTS

AUGUST 2, 2017

Between automated checkout lines, online grocery ordering and meal kit services, it seems like the inexorable tide of progress is determined to wipe out millions of jobs across the retail and grocery sectors. million jobs over the next 10 years, slashing the 16 million-strong retail workforce by 38 percent. It has already begun.

Retail 124

Retail St. Louis Chicago Marketing 124

CB Insights

FEBRUARY 13, 2020

As businesses and consumers become more comfortable using credit cards online, the proportion of US commerce that takes place online has steadily increased over the last 20 years. Specifically, the Collisons aimed to more seamlessly connect online businesses and payment processors, allowing more businesses to accept online payments.

Online 98

Online Company Retail Payments 98

PYMNTS

APRIL 22, 2019

Starbucks partnered with the app in January, with San Francisco first and then spreading to Boston, Chicago and L.A., We also believe that a retail presence across every channel (online, retail, on-demand, etc.) Recess has some company on the Uber Eats app when it comes to drinks. among others.

New York 172

New York San Francisco New York City Boston 172